Dow Jones seesaws, ends flat as Bitcoin hits new all-time high

American actions mixed on Thursday when the markets digested the close approval by the chamber of the tax and expenditure package of President Trump.

The S&P 500 fell 0.04%, the industrial average of Dow Jones was flat and the composite Nasdaq increased by 0.28%.

Legislation – projected by the Congressional Budget Office to add nearly 4 dollars to the federal deficit – includes radical tax reductions and an increase in military spending.

He pass The room by a single vote after last -minute revisions, including expanded deductions for state and local taxes, aimed at influencing conservative legislators. The bill is now going to the Senate.

Another peak in the treasure gives the feeling of temperate investors. The 30 -year obligation has briefly exceeded 5.16% – this highest level since 2023 – before relaxation.

The reference yield at 10 years also fell slightly at 4.55%.

Analysts said the low request during the bond sale on Wednesday 20 years has fueled the previous sale in Treasurys, while concerns about the sustainability of the debt persist.

“In the short term, the tax bill is good for the economy”, ” said Jed Ellerbroek of capital money. “But in the longer term, it adds to the deficit, and it’s bad for the markets.”

Bitcoin continues to strike heights of all time

Bitcoin (BTC)) extended Its massive rally, trading above $ 111,000, in the midst of optimism on the progress of the Senate on the regulation and anticipation of the stablescoin surrounding a trump donor event to which the main crypto holders attended.

Bitcoin rally Limited excitation and spark Among the merchants of derivatives compared to past races. Analysts noted that the demand for the cash market, not speculation, led gains, with long / short ratios and liquidations indicating a moderate bullish feeling.